Essays & News

  For decades, monetary policy has been treated as the central lever of economic management. Interest rates and quantitative easing were expected to steer inflation and define the money supply. That model is now becoming obsolete. The structure of the economy has shifted and political pressures have intensified. Yet the core mechanisms meant to support […]

  Philosophy, Politics, and Economics (PPE) programs now run at more than 250 universities worldwide. Their purpose is to draw on the paradigms of the three disciplines to provide a comprehensive account of the world, human nature, and society—one that is essential for guiding public policy, governance, and engaged citizenship. In practice, modules from three […]

  A memorandum of understanding was signed between the United States and the regime in Iran on June 18. The 14-point ceasefire foresees the reopening of the Strait of Hormuz, the ending of the blockade of maritime transport to and from Iranian ports, the halting of the nuclear program and the release of some sanctioned […]

  Argentina has had more IMF programs than almost any country in history. The count depends on how one tallies arrangements, waivers, and extensions, but the number exceeds twenty. The pattern is consistent: a crisis, a program, initial stabilization, eventual collapse, and a return to the Fund. The standard explanations cycle through familiar territory — […]

  Several important events occurred in the economy this June. Topping the list was the record initial public offering of SpaceX, which will be followed by two IPOs in the artificial intelligence sector: Anthropic and OpenAI. On the less positive side, inflation remains elevated and public debt continues to soar across the developed world, including […]